Zacks Investment Research downgraded shares of HopFed Bancorp (NASDAQ:HFBC) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “HopFed Bancorp, Inc. was incorporated for the purpose of serving as a savings and loan holding company for Hopkinsville Federal Savings Bank. The business of the bank primarily consists of attracting deposits from the general public and investing such deposits in loans secured by single family residential real estate and investment securities, including U.S. Government and agency securities and mortgage-backed securities. The bank also originates single-family residential/construction loans and multi-family and commercial real estate loans. “
HopFed Bancorp stock opened at $14.40 on Wednesday. The firm has a market capitalization of $95.89, a price-to-earnings ratio of 18.95 and a beta of 0.19. HopFed Bancorp has a fifty-two week low of $13.51 and a fifty-two week high of $16.29. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38.
HopFed Bancorp (NASDAQ:HFBC) last posted its earnings results on Friday, January 26th. The savings and loans company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. HopFed Bancorp had a net margin of 8.86% and a return on equity of 5.31%. The firm had revenue of $8.84 million for the quarter, compared to analysts’ expectations of $9.03 million. equities analysts predict that HopFed Bancorp will post 0.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 23rd. Investors of record on Wednesday, April 4th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. HopFed Bancorp’s dividend payout ratio is 26.32%.
Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG bought a new stake in shares of HopFed Bancorp in the fourth quarter worth $124,000. Renaissance Technologies LLC bought a new stake in shares of HopFed Bancorp in the fourth quarter worth $141,000. Northern Trust Corp grew its stake in shares of HopFed Bancorp by 2.5% in the second quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock worth $165,000 after purchasing an additional 278 shares during the last quarter. Kennedy Capital Management Inc. grew its stake in shares of HopFed Bancorp by 71.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 177,352 shares of the savings and loans company’s stock worth $2,501,000 after purchasing an additional 73,947 shares during the last quarter. Finally, Gendell Jeffrey L grew its stake in shares of HopFed Bancorp by 1.3% in the fourth quarter. Gendell Jeffrey L now owns 331,825 shares of the savings and loans company’s stock worth $4,679,000 after purchasing an additional 4,097 shares during the last quarter. 46.84% of the stock is currently owned by institutional investors.
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About HopFed Bancorp
HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. It accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and interest-bearing demand deposits and time deposits.
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